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August Class III, IV prices up slightly

August Class III, IV prices up slightly
The August federal order benchmark Class III milk price reversed two months of decline, according to DairyBusiness Update associate editor Lee Mielke. USDA announced the August price at $17.91/cwt., up 53¢ from July, 18¢ above August 2012, and $1.59 above California’s comparable 4b cheese milk price. The 2013 Class III average now stands at $17.72/cwt., up from $16.23/cwt. a year ago, and compares to $18.18/cwt. in 2011.   
The August Class IV price is $19.07/cwt., up 17¢ from July and $3.31 more than a year ago. The 2013 Class IV average now stands at $18.37/cwt., up from $14.95/cwt. a year ago, and compares to $19.48/cwt. in 2011.
The cheese price average used in calculating the prices was $1.7731/lb., up 5.9¢ from July. Butter averaged $1.4187/lb., down 4.9¢. Nonfat dry milk averaged $1.7706/lb., up 4.3¢, and dry whey averaged 57.78¢/lb., down fractionally from July.
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